Category: GBPJPY
-
The GBPJPY is trading at highest level since 2008 and bounced off support today.What next?
•
When the market is trending, it is better for traders to understand when the market trend is changing, rather than trying to pick a top or bottom depending on which direction the market is going. For the GBP/JPY pair, it has been in an uptrend for the past seven months…
-
GBPJPY tests the highs from last week after dip today bounced off MA support
•
GBPJPY was in an uptrend this week, but turned lower during the European session after weaker than expected preliminary PMI data. The price fell below the 100-hour moving average (blue line on the chart above at 200.77) but found support near the 200-hour moving average and the lower end of…